Like anyone really expected money to save teachers’ jobs would be used to hire teachers: As schools handed out pink slips to teachers this spring, states made a beeline to Washington to plead for money for their ravaged education budgets. But now that the federal government has come through with $10 billion, some of the [...]
The un-named bill – from Techdirt: It appears that our friendly Senators were in such a rush to get this bill through that they forgot to name it. Jim Harper noticed this when the bill showed up as the oddly named The___Act of ___ in his always excellent Washingtonwatch site. Apparently, the Library of Congress’ [...]
Chuck DeVore notes an interesting phenomena: According to Moody’s, the average state per capita debt of the 28 Obama states is $1,728 while the average debt in the 22 McCain states is less than half, at $749. This information alone says a lot about voters and their attitude towards government and debt. Voters with a [...]
From Rasmussen: Most voters favor extending the so-called Bush tax cuts that are scheduled to end December 31, but they’re more ambivalent about whether the cuts should be continued for wealthier taxpayers. A new Rasmussen Reports national telephone survey finds that 54% of U.S. voters believe the Bush administration tax cuts should be extended. Thirty [...]
First, a bit from the Wall Street Journal: The old bogeyman of deflation has re-emerged as a worry for the U.S. economy. Here’s something else to fret about: After studying more than a decade of deflation in Japan, economists have slowly realized they have no idea how it works. The Powers That Be have been [...]